Sugar Mill

Sugar firm Balrampur Chini Mills Ltd expects about Rs 2,000 crore annual revenue from its new bio-plastic plant in Uttar Pradesh, scheduled to be commissioned during the December quarter, a senior company official said. Balrampur Chini Mills, which has 10 sugar factories in Uttar Pradesh, is setting up a Poly Lactic Acid (PLA) plant of 80,000 tonnes per annum capacity at a cost of more than Rs 3,000 crore. In an interview with PTI, Balrampur Chini Executive Director Avantika Saraogi said, "This new plant will be operational in the third quarter of this fiscal." Asked about the revenue potential from the plant, she said, "We are expecting a revenue of about Rs 2,000 crore at full capacity. Balrampur Chini posted a total revenue of around Rs 6,300 crore during the last fiscal. The full-year impact of this new PLA plant would be reflected in the 2027-28 fiscal. Saraogi said the construction activities on the site are undergoing at full speed. Meanwhile, the company is doing analysis

After a flurry of deals earlier in the season, India's overseas sugar sales slowed in recent months as supplies from Brazil increased and global sugar futures fell to their lowest level in over 4 yrs

More than four decades after he last contested cooperative sugar mill polls, Maharashtra Deputy Chief Minister Ajit Pawar is back in the fray as one of 90 candidates for Malegaon Cooperative Sugar Mill elections in Pune's Baramati. His party functionaries said Pawar had last contested sugar mill polls in 1984, going on to serve on the board of directors of Chhatrapati Cooperative Sugar Mill. Elections to the 21-member board of directors of Malegaon Cooperative Sugar Mill, currently led by the Ajit Pawar-led NCP, will be held on June 22, with results to be announced the following day, they added. Ajit Pawar-led Nilkantheshwar Panel is currently in power at Malegaon Cooperative Sugar Mill. It had defeated Chandrarao Tawre's Sahakar Bachav panel in 2019. Tawre, a known name in the co-operative sector, was once considered close to Sharad Pawar but later parted ways. Besides Nilkantheshwar Panel and Sahakar Bachav panel, the Sharad Pawar-led NCP (SP) too has fielded 'Baliraja Sahakar ..

The government will take stringent action against the sugar mills violating monthly stock holding limit orders, the Food and Consumer Affairs Ministry said on Friday. The ministry prescribes monthly stock holding limits for white/refined sugar to prevent hoarding and control price increases. For April, the stock holding limit is set at 23.5 lakh tonnes. In a directive issued to mills, the ministry said it has found repeated violations by some group and individual sugar mills despite previous warnings, prompting the issuance of new, stricter guidelines. Key penalties include: for first-time violations, 100 per cent of excess sugar sold will be deducted from the subsequent month's release quota. Subsequent violations will see progressively higher deductions: 115 per cent for the second, 130 per cent for the third, and 150 per cent for the fourth violation. Mills dispatching less than 90 per cent of quota without intimation will have restricted future allocations. Multiple violatio

Many Maharashtra mills are struggling to get enough sugarcane, operating at half their capacity, and will likely close for the season by the end of this month

Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/23 season

The senior NCP leader said he had no idea why Guru Commodity Services -- which owns the sugar factory -- was facing probe.

The Centre has floated tenders seeking supply of 350 crore litres of ethanol to be blended with vehicle fuel.

Seven-member panel formed to study proposal, offer recommendations on action plan, selected sugar complexes, mode of travel and coordination with tourism department

Exports from the world's biggest sugar producer could put pressure on global prices but will help India reduce its inventories that have driven down domestic prices

Average realisation from sugar up 42%

Centre's soft loan and SARFAESI loan amounting to around Rs 10,000 cr disbursed over the last few years has also helped in easing the dues